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4-Traders Homepage  >  Equities  >  Nasdaq  >  Texas Instruments Incorporated    TXN

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Texas Instruments Incorporated : Texas Instruments unveils undergraduate circuits laboratory at the University of Maine

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10/08/2013 | 04:54pm CEST
New hands-on lab will serve as dynamic learning environment to foster innovation among students

Oct 8, 2013

DALLAS, TX and ORONO, ME, October 8, 2013 - Texas Instruments Incorporated (TI) (NASDAQ: TXN) and the University of Maine today opened a state-of-the-art lab for hands-on engineering classes in the Electrical and Computer Engineering (ECE) Department at Barrows Hall. This $60,000 investment from TI will engage students early in their engineering education and help to cultivate tomorrow's innovators.

"The opening of the TI Undergraduate Circuits Laboratory is about engaging with students early on in their engineering courses," said Steve Lyle, director of engineering workforce development for Texas Instruments. "We invest in education in many ways at TI, one of which is by helping to provide exciting spaces like this that helps to nurture and grow the best engineering talent, building a pipeline for our future workforce."

Featuring new tools, including analog ICs and embedded processors, students will have the opportunity to work in a creative, lively learning environment. Equipped with 36 Analog System Lab Kits Pro to be used by more than 100 students in the fall; 20 MSP430 LaunchPads; and two TI and Digi-Key parts cabinets for senior design courses, the tools will be used in freshman courses continuing through the students' senior design projects.  

"This laboratory demonstrates the commitment of Texas Instruments to educating the next generation of electrical engineers and to the state of Maine," said Dana Humphrey, University of Maine Dean of Engineering.  "In this lab, students will put circuit design into practice - the heart of an electrical engineer's education.  The University of Maine is so grateful for this partnership with Texas Instruments."

TI is involved with universities around the world on research projects. Universities are a key part of TI's ecosystem of innovation. TI partnered with the electrical and computer engineering groups at the University of Maine and University of Maine professor Mohamad Musavi on a project to develop advanced process control algorithms based on neural net logic. The project resulted in a patent and the algorithm is used today in the Maine factory's process control system.

"The opening of this lab will be a true showcase for both the ECE department and TI," said Don Hummels, ECE department chair for the University of Maine. "The tools will be invaluable in helping to develop engineers who are ready to tackle the world's challenges."

University of Maine alumnae are long standing contributors to Maine's semiconductor industry, which started in South Portland in the early 1960s.  TI employs 30 University of Maine graduates in many engineering disciplines.   A good percentage of the engineers started through the TI internship program and continued on as new college graduates.  Several have progressed to management positions and all are big part of the TI's Maine semiconductor manufacturing facility's success.    

TI has a long-standing relationship with the Southern Maine area. National Semiconductor, acquired by TI in 2011, broke ground on its world-class manufacturing facility in South Portland in 1995. Today, the facility is one of the area's largest employers with more than 500 engineers, technicians and manufacturing specialists. In 2011, TI awarded the South Portland School District a three year Power of STEM grant.  The $250,000 provided professional development for local teachers in the Science, Technology, Engineering and Mathematics (STEM) fields.

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About the University of Maine

The University of Maine, founded in Orono in 1865, is the state's premier public university. As Maine's land-grant university and the flagship institution in the University of Maine System, it is among the most comprehensive higher education institutions in the Northeast, attracting students from across the U.S. and more than 60 countries. It currently enrolls 11,168 total undergraduate and graduate students who can directly participate in groundbreaking research working with world-class scholars. Students are offered 88 bachelor's degree programs, 70 master's degree programs, 30 doctoral programs, and one of the oldest and most prestigious honors programs in the U.S. The university promotes environmental stewardship on its campus, with substantial efforts aimed at conserving energy, recycling and adhering to green building standards in new construction.

About Texas Instruments Incorporated

Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today.www.ti.com.

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Financials ($)
Sales 2016 13 034 M
EBIT 2016 4 560 M
Net income 2016 3 106 M
Debt 2016 733 M
Yield 2016 2,14%
P/E ratio 2016 23,45
P/E ratio 2017 21,38
EV / Sales 2016 5,56x
EV / Sales 2017 5,31x
Capitalization 71 722 M
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Mean consensus HOLD
Number of Analysts 32
Average target price 70,5 $
Spread / Average Target -1,3%
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Richard K. Templeton Chairman, President & Chief Executive Officer
Kevin P. March Senior VP, Chief Financial & Accounting Officer
Kevin J. Ritchie Senior VP-Technology & Manufacturing Group
Ellen L. Barker Chief Information Officer & Vice President
Carrie Smith Cox Independent Director
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